MARKET WRAP: Stocks Fell & Dollar Recovered

Fundamental analysis of Forex market

Investors are sensitive about the outcome of the G-20 meeting and what this means for the US and China trade deal


  • The S&P 500 Index dropped as investors reacted to heightened geopolitical tensions. The index dropped 0.38% as of 15:43 London time.
  • The Stoxx Europe 600 Index fell  0.12% touching the lowest level in nearly a week.
  • The MSCI Emerging Market Index remained sensitive and traded mostly lower and sank 0.58%.


– advertisement –
  • The Bloomberg Dollar Spot Index touched the lowest level in nearly 17 months and dropped 0.02%.
  • The Euro struggled to stay above the 1.14 mark and fell 0.1% to $1.1388.
  • The British pound  remained sensitive to Brexit related issues and focus on the next prime minister and his tactics to resolve the issue. The currency fell 0.09% to $1.2723.
  • The Japanese yen became favourite as the risk off trade kicked in and climbed 0.3% to 106.93 per dollar.

Note: our programmers have developed a profitable forex robot with low risk and stable profit!


  • The yield on 10-year Treasuries fell three basis points to 1.98%.
  • Germany’s 10-year yield dropped by one basis point to -0.32%.
  • Britain’s 10-year yield moved further lower and dell two basis point to 0.792%.


  • West Texas Intermediate crude hasn’t spiked despite the tensions around Iran. It dropped 0.3% to $57.87 a barrel.
  • Gold price treated another major resistance of 1430 and the next level is at 1450. It jumped 1.09% to $1,431.40 an ounce, touching the highest level in more than six years

Signal2forex review

Leave a Reply

Your email address will not be published.